Death is one of the few predictable things in our lives. Another is that putting off planning for it won’t prevent it or make it any easier on those you leave behind.
Funerals don’t come cheap. Depending on the type of send-off you want, $8,000 to $10,000 is about the average cost in metropolitan areas but it isn’t difficult to spend a
great deal more than this for a large or bespoke service. And the funeral home will need to be paid within a week or two, however long it takes to settle your estate or for any life
insurance you have to pay out.
Having to front up with the thousands needed is the last thing your family should have to worry about at a difficult time.
You could set money aside but a funeral insurance policy is a smarter solution – providing the necessary funds when they’re needed without having to tie up thousands in a pre-paid
funeral or nest egg account, and without affecting your eligibility for subsidy for long term esidential care.
The Funeral Plan is a purpose designed policy that will sit alongside any insurance cover you already have, providing up to $20,000 to take care of funeral costs and related
expenses. The money is paid out very quickly, usually within 48 hours of notification, and can be used however you or your family choose.
But what makes the Funeral Plan really stand out is the great value proposition: you’ll never pay more in premiums than you get back in cover.